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Geely

For the subsidiary company, see Geely Auto.

Zhejiang Geely Holding Group Co., Ltd.
Company typePrivate
IndustryAutomotive
Founded6 November 1986 (1986-11-06)[1]
in Taizhou, Zhejiang, China
FounderLi Shufu
HeadquartersBinjiang District, Hangzhou, Zhejiang, China
Area served
Worldwide
Key people
  • Li Shufu (chairman)
  • An Conghui (president)
ProductsAutomobiles, motorcycles, engines, transmissions, luxury vehicles
Production output
Increase 2.79 million vehicles (2023)[2]
RevenueIncrease CN¥92.1 billion (2020)[3]
Increase CN¥9.636 billion (2020)[3]
Increase CN¥6.44 billion (2020)[3]
Total assetsIncrease CN¥206.74 billion (2020)[3]
Total equityIncrease CN¥64.21 billion (2020)[3]
OwnerLi Shufu
Number of employees
131,517 (2023)[4]
Subsidiaries
List
Chinese name
Simplified Chinese浙江吉利控股集团有限公司
Traditional Chinese浙江吉利控股集團有限公司
Websitezgh.com
Footnotes / references
in consolidated financial statement; shareholders' equity figure excluded perpetual bond[19]

Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely (/ˈdʒiːli/ JEE-lee; Chinese: 吉利; pinyin: Jílì; lit. 'auspicious'), is a Chinese multinational automotive company, headquartered in Hangzhou, Zhejiang. The company is privately owned by Chinese entrepreneur Li Shufu. It was founded in 1986 and entered the automotive industry in 1997 with its subsidiary Geely Auto.[20] As of 2023, the company ranks 225 in the 2023 Fortune Global 500 list of the world's largest companies.[4]

The company manufactures and sells vehicles under the names of Geely, Lynk & Co and Zeekr, which are part of the Geely Automobile Group, along with its subsidiaries and joint ventures, such as Volvo Cars, Polestar, Proton, Smart and Lotus, as well as commercial vehicles under the London EV Company, Radar Auto and Farizon brands. It also produces motorcycles under its subsidiaries Zhejiang Geely Ming Industrial (Jiming and Geely), Qianjiang Motorcycle (QJMotor and Keeway), and Benelli. It also holds a 9.7% stake in the Mercedes-Benz Group and a 17% stake in Aston Martin.[21][22]

In 2024, the group produced a total of 2.79 million vehicles globally. 980,000 units were plug-in electric vehicles.[2]

  1. ^ "History 1986–now". Archived from the original on 18 March 2017. Retrieved 26 June 2021.
  2. ^ a b "吉利控股集团2023年总销量约279万辆". 媒体中心 - 浙江吉利控股集团有限公司 (in Simplified Chinese). Retrieved 17 April 2024.
  3. ^ a b c d e "Annual Report 2020" (PDF). Geely Automobile Holdings Limited.
  4. ^ a b "Zhejiang Geely Holding Group". Fortune. Retrieved 17 April 2024.
  5. ^ "Volocopter announces joint venture with Geely subsidiary Aerofugia". electrive.com. 22 September 2021. Retrieved 5 January 2023.
  6. ^ Cathcart, Alan (12 March 2018). "Volvo owner Geely buys major stake in Benelli owner Qianjiang". DriveMag Riders. Retrieved 5 January 2023.
  7. ^ "Kinesiska staten storägare i Geely-bolag baserat i Göteborg". auto motor & sport (in Swedish). 8 December 2021. Retrieved 5 January 2023.
  8. ^ Triches, Robert (8 November 2022). "170 varslas om uppsägning på Geelyägda Cevt". Dagens industri (in Swedish). Retrieved 5 January 2023.
  9. ^ Cite error: The named reference Lotus Geely Etika stake paultan.org was invoked but never defined (see the help page).
  10. ^ "Chinese smartphone brand Meizu sold to carmaker Geely as smart vehicles become latest frontier for Big Tech".
  11. ^ Gerard Lye (24 May 2017). "Geely to acquire 49.9% stake in Proton, 51% in Lotus – definitive agreement to be signed before end of July". Driven Communications. Archived from the original on 4 August 2019. Retrieved 27 May 2017.
  12. ^ Norihiko Shirouzu, Heekyong Yang (10 May 2022). "China's Geely buys stake in Renault Korea, eyeing US exports". Reuters. Retrieved 5 January 2023.
  13. ^ "Geely buys stake in Renault Korea, eyeing U.S. exports". Automotive News Europe. 10 May 2022. Retrieved 5 January 2023.
  14. ^ "Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars". U.S. 8 January 2020. Retrieved 5 January 2023.
  15. ^ CAR magazine (28 March 2019). "It's official: Geely buys 50 percent of Smart from Daimler". CAR Magazine. Retrieved 5 January 2023.
  16. ^ "Nordic Credit Outlook" (PDF). S&P Global Ratings. December 2021. p. 34. Retrieved 13 December 2021.
  17. ^ Hawkins, Andrew J. (27 September 2021). "Electric car company Polestar is going public via SPAC". The Verge. Retrieved 5 January 2023.
  18. ^ Julie Zhu, Scott Murdoch (12 December 2022). "Exclusive: Zeekr, a premium Geely electric car brand, seeks over $1 billion in U.S. IPO - sources". Reuters. Retrieved 5 January 2023.
  19. ^ "2016 nián nián dù bào gào" 2016年年度报告 [2016 Annual Report] (in Chinese (China)). Geely Holding. 28 April 2017. Retrieved 15 April 2018 – via Shanghai Clearing House website.
  20. ^ "Geely's Li Shufu is betting billions on global push". Yahoo! Finance. 26 February 2018. Retrieved 4 January 2019.
  21. ^ "Aston Martin Attracts Chinese Carmaker Geely as Shareholder". Bloomberg.com. 30 September 2022.
  22. ^ "Aston Martin appoints Geely CEO to board". Automotive News Europe. Retrieved 26 April 2024.

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